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Citi CD Rates for 2024

Review Updated
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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page.  Citi is an advertising partner of Motley Fool Money. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Citi CD rates are surprisingly competitive for a brick-and-mortar bank, for a few available term lengths. With the bank's variety of terms, low deposit requirements, and above-average APYs, Citi CDs are a good fit for savings balances of any size. Read our review to learn more about Citi CD rates and how they compare to the CDs you find offered by other top banks.

Citi CD rates for 2024

Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Offer image for Citi CD
Citi CD
MINIMUM DEPOSIT $500
5 Mo. APY 6 Mo. APY 7 Mo. APY 9 Mo. APY 1 Yr. APY 15 Mo. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.25% 3.50% 3.50% 2.50% 2.50% 0.50% to 1.01% 2.45% 2.00% 2.00% 2.00% 2.00%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
3.80%
Rate info Circle with letter I in it. 3.80% annual percentage yield as of December 27, 2024. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

up to 4.00%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
3.80%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

Compare Citi CD rates

Citi's CD interest rates on some terms are higher than other large brick-and-mortar banks, though some online banks have it beat. See how it stacks up to some of its competitors in the table below.

Rates as of Dec. 18, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Details about Citi CDs

Citi Fixed Rate CD

Pros

  • Variety of term lengths
  • Competitive rates for a big bank
  • Low minimum balance requirement

Cons

  • Higher balance requirements in some states

Citi CD interest rates are competitive with its big bank competitors, with term lengths ranging from three months to five years. Citi also offers some unusual short-term CDs you won't find with many other banks, and many of these have special higher rates. Its minimum deposit is $500 in most states, but a few states have higher minimum requirements. If you'd like to benefit from Citi CD interest rates, make sure you have enough to meet the account minimum.

Other Citi CD accounts

Citi also offers the following CD accounts:

  • Step Up CD
  • No Penalty CD

How to open a Citi CD

It's pretty easy to open a Citi CD account, and if you're already a banking customer, you can log into your account to do it. Otherwise, you'll need to give your personal information (such as name, birthdate, and Social Security number). You'll also need to provide your employment and income information.

You'll need to fund your Citi CD, of course -- and remember, the minimum deposit amount is $500. You can transfer from an existing Citibank account or from an external bank. You'll be guided to create a login and password for Citi, so you can check up on your CD. Finally, you'll need to read and sign various agreements and disclosures for your new account.

It's important to keep track of when your CD will mature. For Citi CDs, they renew at the same term length when they expire, but you get a seven-day grace period to make any changes or withdraw your cash and close the account. And since CD rates change over time, when your CD matures, you may find that the new APY on that same term length is no longer worth your time.

Who is a Citi CD right for?

A Citi CD is a great fit for those with at least $500 they don't expect to spend in the next few months or years. It's also a good choice for those who prefer brick-and-mortar banking but still want to earn a high rate. If you're not married to the idea of a standard term length and can take advantage of, say, a 9-month CD, Citi might be a good choice. And if you want to build a CD ladder with a variety of term lengths, consider Citi's special rates on select terms.

Bottom line: Citi CD rates

Citi CD
  • 5 APY: 4.25%
  • 6 APY: 3.50%
  • 7 APY: 3.50%
  • 9 APY: 2.50%
  • 12 APY: 2.50%
  • 15 APY: 0.50% to 1.01%
  • 18 APY: 2.45%
  • 24 APY: 2.00%
  • 36 APY: 2.00%
  • 48 APY: 2.00%
  • 60 APY: 2.00%
Show All Rates [+] Hide All Rates [-]
Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Term
Citi CD
5 Mo.
6 Mo.
7 Mo.
9 Mo.
1 Yr.
15 Mo.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
4.25%
3.50%
3.50%
2.50%
2.50%
0.50% to 1.01%
2.45%
2.00%
2.00%
2.00%
2.00%

Keep reading about Citi:

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Citi CDs come with a variety of terms, a few high APYs (especially on a few unusual term lengths), and low minimum balance requirements, so you can build a CD ladder or just use one to grow your savings.

  • A Citi CD could be right for you if you want to earn a competitive rate on your savings and you have at least $500 to spare.